The food giant wheezed on mixed Wall Street

He finished mixed on Wall Street on Thursday. This comes after Wall Street had its worst day so far in 2019, falling about three percent to base indices.

In recent days, fears of recession have been the focus of investors' attention. On Wednesday, the US yield curve reversed when looking at the interest rate gap between 10 and 2-year government debt. To some extent, the special phenomenon has happened five times since 1978, and in any case there has been a recession in less than two years.

On Thursday, however, a number of key figures showed strength in the US economy.

Among other things, retail sales in the US grew 0.7% year-on-year in July, compared to an expected 0.3%.

Productivity outside the agricultural sector increased by 2.3% compared to the expected 1.4%.

The Federal Reserve Bank of Philadelphia's index was 16.8 points in August from a 10-point index.

The only thing that was disappointing were the claims for the unemployed, which came in at 220,000, against the estimated 213,000.

"Financial data this morning has a calming effect on the stock market," Larry Adam of Raymond James Private Client Group told CNBC.

Otherwise, news came today about a trade war that is not easily interpreted in a clear direction.

China's finance minister said Thursday that China has the right to take action to counter America's recent $ 300 billion increase in tariffs on consumer goods, minus consumer electronics and some items for shoes and clothing.

At the same time, Hua Chuning, a spokesman for China's foreign ministry, said China hoped the US would "meet China in half and reach a consensus between the two parties at the Osaka meeting."

"The market is confused as to what the outcome will be," Northwestern Mutual's Brent Schutt told CNBC, adding that the market seems skeptical.

In terms of loss, Cisco Systems dropped 8.61 percent. The company presented after the closing of yesterday's quarterly figures as disappointed. In addition, the guidelines were slightly lower than expected.

At the end of the US stock market, the spread between two-year and ten-year interest rates is about three basis points. 2-year-olds were up 9.8 basis points to 1482 percent, while 10-year-olds were 6.8 basis points up to 1513 percent. The 30-year-olds are up 5.6 basis points to 1.964 percent.